Legislature passes Miramant joint resolution to develop a National Infrastructure Bank

AUGUSTA — On March 11, the Legislature unanimously approved a joint resolution from Sen. David Miramant, D-Camden, calling on the United States Congress to develop and fund a National Infrastructure Bank. SP 297, “Joint Resolution Memorializing The President Of The United States And The United States Congress To Establish A National Infrastructure Bank,” was presented by Sen. Miramant in front of the full Senate Chamber on Wednesday.

“Here in Maine much of our infrastructure is in disrepair,” said Sen. Miramant. “A National Infrastructure Bank that invested in our roads, bridges and other infrastructure projects would generate new, good-paying jobs and bring money back into our economy.”

SP 297 calls on the United States Congress to fund a National Infrastructure Bank by using secure, existing United States Treasury debt. The National Infrastructure Bank would be authorized to spend $4 trillion in urgently needed infrastructure projects, such as roads, dams and transit. The proposed bank could generate approximately 25 million new jobs.